Wafa Assurance: H1 2024 results

Wafa Assurance closed the first half of 2024 with a consolidated turnover of 7.1 billion MAD (700 million USD), increasing by 8.7% over one year. This growth was driven by the performance of the company's life and non-life activities in Morocco and abroad.

During the period under review, consolidated technical reserves reached 50.8 billion MAD (5 billion USD), up 10.3% compared with the end of June 2023.

Consolidated investments rose by 12% to 56.2 billion MAD (5.5 billion USD).